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Buyers of used cars, are extremely burdened by debts contracted with banks to buy a vehicle whose work would be paid the loan.

This is repeated if more than one hundred people from six months ago, seeking to recover the vehicles purchased and left in Zona Franca by decision of the government that prohibits its release.

According to Oscar Challapa be loaned money from a bank, secured by mortgage of the roles of their home, and do not manage to lose the vehicle you bought your house.

Almost six months not working, this happened, I thought that things would change with the change process, but it is not, contrary to my dream of having a car as my own tool for gaining more than 400 bolivianos as driver, not a reality for these difficulties, he said.

“I would like the government is put your hand to your chest and put in the position of the carriers, so I ask the nationalization of my vehicle, which is not so hard with his people, we are not asking to change the decree, nor you are asking for jobs, we are asking our delivery vehicle to recover our capital, “he said.

For its part Benita Lopez was told that a bank loan with the roles of land located in Iruma, where planting and harvesting carrots and onions, thinking about buying the vehicle for transporting goods to market in the city.

“This is what I thought of buying the autito, now I want to give me a solution at once, because my babies are abandoned, as God shall know, if they will be doing their work, six months since I have neglected my kids for this problem, “he said.

He said that her husband supported the decision, but both are currently separated due to a problem, because in some way blamed for the problem currently experiencing, for the debt they have.

“I want the government for a solution to bring our cars in the zone, not payments to the bank if I lose my land that we bought with the work of fifteen years,” said completely shocked.

Wilma Mamani Torrez, was that he dared to buy a car because her husband as a driver, winning just 400 bolivianos, which is why we decided to invest their savings, thinking that the price of the car would be cheaper at the border in the city .

For that reason we bought this mobility, but is now with the decree, we can no longer sacárnoslos, now I have problems with my husband, I thought it was a good idea to overcome and now the weight is for me, because my husband tells me that I insisted and now I must solve this problem, he said.

“I ask the president to let us take our vehicles, cars are not asking to put the border, our cars are already legally Zofro because before the decree entered, I put his hand to the chest, for our children, says He is an experienced person, as we have suffered to get this capital of $ 4000, now we suffer for our bus, “he said.

Edgar Arroyo, said that he obtained a loan from the bank with the guarantee of the roles of his brother’s house and now with the needs of the amount spent and the problem had to be separated from his wife who now returned to the his father with his children.

“If you do not pay the debt to the bank, my brother lost his home and then charged me another problem to face is the separation of my wife, leave my job because of a driver to improve the economic situation of my family, because 400 bolivianos not enough to keep my three children, “he said.

The U.S. union United Auto Workers (UAW) announced that it has reached an agreement with the management of Chrysler, the Italian car giant Fiat and the Department of Treasury United States.

On May 1 was the deadline set by the government of President Barack Obama for the U.S. company completed a restructuring plan for their financial responsibilities and operations that includes an alliance with Fiat.

Otherwise, the manufacturer would have to declare insolvency.

The compromise reached between the parties would lead to members of the UAW to make “sacrifices” for the “viability” of U.S. multinational l, the union said.

He also noted that the agreement complies with the requirements of the Treasury to provide loans to the company and includes modifications to the collective agreement of 2007, plus the social benefits of workers.

However, the deal must still be ratified by the representatives of the UAW Chrysler.

General Motors Argentina announced that a limited edition of its successful model Suzuki Swift. Through the concept “This time the music takes you to the garage, the brand provides consumers with the excellent combination between a vehicle’s design icon like Swift and a representative product of the music technology as the Apple Ipod Touch in a amalgam of design, technology, music and great benefits. The vehicle has also plotted to enhance their sporting spirit in a limited edition that has only a hundred units available for sale.

Revolutionary
The new Swift was a revolutionary change for Suzuki, a new type of compact car, a new departure in the design of the brand in which we tried a new approach focusing on the design and development. The local market validated this radical change that manifested itself through the sale of over 2,000 units since its introduction in 2006.

The exterior design of the new Suzuki Swift can be defined as an attractive fusion of dynamism and stability, an exceptional work that is reflected in the coefficient of drag: 0.32 and Cx in the optics, the location of the wheels, the lateral veins, the glass envelopes and a sporty rear shot, a strong aesthetic expression of modernity, strength and sportsmanship.

His quiet and comfortable cabin is distinguished by the extent and levels of sophistication uncommon, with an optimal space for its occupants and ergonomically designed seats. He is calm and quiet in his walk.

Space
The use of space is one of the qualities of the interior of the new Swift, despite its compact dimensions with a unique flexibility for transporting passengers and cargo. With all seats in use, the cargo area has a generous capacity of 213 liters. The rear seat also features a 40/60 split design and a rebuttable how to obtain a peak load of up to 562 liters. It also slides around the carrier.

For landing at the local market was chosen naftero 1.5-liter engine (M15A), with five-speed manual transmission. This driver incorporates a range of leading edge technology to structural and efficiency to achieve minimum vibration and noise.

The exhaust manifold is equipped with a cover that helps prevent the cooling of the exhaust of the engine before reaching the catalyst, helping to ensure rapid heating of the catalyst and thus to minimize emissions of harmful substances.

Among the structural measures that eliminate vibration and noise is an aluminum tank for oil, which strengthens the bottom of the engine. The connection between the engine and transmission developed as a unit with the aluminum oil tank, optimizes rigidity, minimizes motor noise and suppresses the resonance in the rooms nearby.

Bodywork
Was developed with a structure that offers a remarkable capacity to respond effectively to potential shocks. It employed high-strength steel to ensure low weight and strength. It also enabled the team to adopt structures, mainly in the hood, the fenders, wipers and front bumper, which help to protect pedestrians in case of impact.

In the car, users are also protected from the impact forces by a tilt steering column adjustable brake and clutch pedals designed to mitigate injuries in the legs, front seatbelts with pretensioners and force limiters, absorbent linings energy and front airbags.

In addition, the new Suzuki Swift incorporates ABS (antilock brake system) on all four wheels and EBD (electronic brake force) which together help the driver avoid hazards.

Prevention: auto insurance fraud

Anxious to spread concepts, tools and methodologies to prevent and combat fraud in the insurance, facilities CESVI Argentina was the first organized and provided training for and by insurance companies of our country. According to the Superintendencia de Seguros de la Nación, in our country were paid more than 2570 million dollars in automobile accidents during the year 2007/2008. The study covers a sample of 14 insurers, representing 72% of the total market. Globally, according to figures from the Insurance Information Institute, at least 10% of total claims Cars, Housing and Commerce have some element of fraud or are magnified. In Argentina only detected between 2 and 3% two years ago while the detection was less than 1%. To analyze this problem and considering that the current global crisis will undoubtedly impact on this issue was conducted in facilities CESVI the first training on preventing and combating fraud in the insurance provided by these departments for the prevention of fraud insurance companies in the local market. Were 26 insurance companies that are contributing data to the Integrated System and Sofia CESVI (tool used to detect anomalies and fraud to companies) – which first came together to organize this training with the aim of educating the members of the areas of legal, technical and claims of these companies to let them know this problem and work together with staff responsible for the fraud activity to the entire company is ready to detect and prevent the entry of this type of crime. Among the topics covered are considered fraud from a legal and technical work are different methodologies for the discovery of a fraudulent claim, they presented real cases of insurance companies, and also analyzed the current situation in the market insurance and money laundering. The presentations were made by staff from the areas of prevention of fraud: CESVI Argentina, L’Union de Paris, The Southern AIG and Liberty Seguros.

The types of fraud by the insured and / or others, detected by most insurance companies in our country are reluctant: 39.0%; loan policy: 14.1%; changing circumstances; 10.9 % dummy casualty: 7.0%, false documentation: 5.5%; autorrobo: 5.5%; multiple claims: 5.0%; criminal banda: 4.8%; magnification damage: 3.1%; others: 2.7%, with damage prior insurance: 1.3%; mismatched damage: 1.1%.

The beleaguered auto manufacturers, General Motors and Chrysler LLC have announced new measures to avoid imminent bankruptcy.
But even if companies are able to avoid bankruptcy in the short term, experts believe it may be too late for a lasting salvation.

On Monday, GM proposed a new crop of brands, plants and workers, as well as the elimination of 44,000 million dollars in debts and other obligations through the issuance of a substantial amount of additional shares for the payment of its creditors, the government and investment funds of the union.

The company might be forced to declare bankruptcy if they fail to reach an agreement with the three parties before the end of the month.

On Friday, Chrysler announced a tentative labor agreement with the United Auto Workers union who said to meet the targets set by the Treasury Department to give a twist to the company.

But Chrysler has yet to reach an alliance agreement with Fiat, the Italian car manufacturer, and get your creditors to settle for only a fraction of 7000 million dollars in guaranteed loans it made to the company. The brand has only until this Thursday to establish the three agreements.

The new plans of GM and Chrysler are far more ambitious than his previous proposals for recovery. Still, even if the recent events away from bankruptcy, there are doubts about the long-term viability of both companies.

Bob Schulz, an analyst at Standard & Poor, said that even if the two companies beyond the dates that lurk and escape bankruptcy, that does not mean you can avoid it indefinitely.

“We see no support from the government as something endlessly,” he said.

Others noted that there are more serious problems at both companies, which will not be solved by the latest restructuring plans.

“They must overcome the competition, something they have not done in a very long time,” said Kevin Tynan, auto analyst for Argus Research. “This ensures the stability of market share? No. Did they finally understand what your customers want? No”.

Another analyst noted that most of the chances of survival of GM and Chrysler are dependent on an improvement in the economy in general, and that happens as soon as possible.

“There are so many things that are beyond your control,” said Shelly Lombard, analyst for automotive research firm Gimme Credit bond. “You can reestructurarte, reestructurarte and reestructurarte, but if car sales do not recover, then, unless you do not have any debt, you will not survive.”

David Cole, chairman of the Center for Automotive Research, a committee of experts from Michigan, said that there is a risk that the plans go too far and cut back to companies unable to enjoy all the benefits of a recovery once the demand auto increase.

“If you do too, it destroys your ability to perform later,” he said. “That is a real possibility.”

Still, there are some who believe that both companies could survive. If sales improve enough in the short term, the changes that GM and Chrysler plan to achieve profitability could enable relatively soon.

Cutting costs and concentrating on a few brands, has long been needed, could also help both companies to recover some lost ground against its competitors.

“I think many of these changes come later than it should be,” said Lincoln Merrihew, leader of the automotive market research firm TNS North America. “But is it too late? Do not think so.”

If the government becomes the majority shareholder of General Motors, I also will end at the helm of the company?

According to a restructuring plan launched this week by GM, the ailing car manufacturer to become majority owned by the federal government in order to avoid bankruptcy. This change of hands is equivalent to a partial nationalization and extraordinary company that makes the Buick, Cadillac and Chevrolet, which has been independent since 1908.

The government has said that Obama is not interested in managing a company car, but with the majority, might be tempted to promote their own policies on issues such as alternative fueled vehicles and unions, say some analysts. And that could affect the types of vehicles leaving the assembly line of GM.

“The fear is that a government is inclined to results of common benefit, not the important thing at the end of the day”, said Gerald Meyers, a professor of finance at the University of Michigan and former CEO of American Motors Corp .

GM’s proposal would give government more than 50% of the shares of the manufacturer in exchange for a cancellation of 10 billion dollars in loans. The United Auto Workers union will stop 39% of the shares.

The plan is far from certain. The shareholders of the unsecured debt by 27 billion dollars, GM has been rejected because it would lose most of their investment. And the White House said this week that the owner does not want to be GM or any other car manufacturer.

But for his great effort to rescue the auto industry, the White House is already too involved in the operations of GM and Chrysler. 25,000 million has given both companies and their financial arms, and is willing to give them more if their restructuring plans are considered viable. Obama’s government has already demonstrated its strength by forcing the retirement of Rick Wagoner, GM’s executive director.

GM said Monday that it will still control the daily operations of the company. But at the discretion of the Department of Treasury, GM will replace several members of its board of directors at its annual meeting in August. In most corporations, the board sets policy and long-term goals. If the plan itself, at least one of these posts would be filled by a representative government that would ensure the interests of taxpayers.

Buy now, pay tomorrow. A slogan that the Italians know well and that in recent years has increased the percentage vortex of purchases made through consumer credit. The proposals offered by effective advertising campaigns and have réclame irresistible, in fact, convinced even the most reluctant to give up the cash to go to the hire.
A simple and certainly very effective, since it allows you to buy just a good, such as car, refrigerator, television set, but also the care of the dentist or the summer trip, you can then pay with “very comfortable and very small rate every month. ” All without cost or at the limit with a very low relative to interest rates.
But in this definition is the crux of the problem, given that in tandem with the boom of the payment, there was always a campaign of consumer association in warn the Italians from possible “cheat”. This is of little transparency on the costs of loans to purchase a product, as evidenced by the new survey Altroconsumo made in December 2008 – the period when thick deals with payments in installments – in 239 stores located in 7 major cities, from a total of 285 bids installments.
Numbers in hand, Altroconsumo second, in 70% of cases was not given any information to the customer on data for the APR (Annual percentage rate of charge) or at the rate applied was wrong. Thus, behind the slogans – denouncing the association – are hiding real bluff and you end up paying more.
It should be, in fact, always remember that when you buy in installments must be made and clear the Taeg that includes all expenses related to the financing and then it is not always clear at the conclusion of the credit for consumption.
Altroconsumo past has examined the material, flyers, leaflets and posters which by law should follow the case. So much so that one reads in the survey, only two cases was handed the contract to read before signing. And there is no difference between large distribution chains and small shops. Both in Rome, as in Milan, Bologna, Naples, Bari and Brescia, the attitude is based on the uniform lack of information or the error of calculating the actual costs.
Some examples: in Rome, in a furniture shop, the proposal is “zero.” But in reality, has a real interest of 25.68%, exceeding the threshold of the rate of wear. In Bologna, in a big market chain the salesman can not see the video Taeg to the financial organization providing the loan for a PC that does not give the possibility to calculate it.
News also on the means of payment are becoming loyalty cards, which become real cards, with overall rates beyond the threshold for damage. In some cases it even reaches 24.44%.
Given these numbers, when we read “small and comfortable rate” – Altroconsumo recommended – it is worth thinking a little ‘about.

The U.S. Treasury has granted a loan of 2 billion dollars to General Motors to fund working capital but no new funds for Chrysler. The report reveals a Tarp of which indicates that the new transaction and ‘closed Wednesday’ and that four banks have repaid 569.2 million U.S. dollars of loans received by the government.

Buying a rate? Follow our expert
Want to buy the car or plasma TV of your dreams and you have all offered to pay in installments? We are convinced with the zero rate?
Be guided by Eurilia.

Loan in the bank. Our Eurilia helps you identify the true cost of the loan that the bank offers (with the spreadsheet you can check the Taeg).

Buy in installments. Eurilia explains the tricks to not get false abbindolare from zero and not fall into the trap of buying now and pay later.

Eye to advertising. The advertising of the loans in installments to buy cars, computers … lilliputian characters indicate the true cost of the loan. Unmasks the Eurilia.

Overindebtedness. Do not run the risk of you strangle the rate of the loans. Follow the advice of Eurilia to find out which loan you can afford.

Compare offers. Eurilia helps you choose the cheapest loan.

Revolving cards. You have received a home credit card application? Be careful, almost certainly is a revolving card which, when used to make a payment, on a real financing to be repaid in installments with interest rates salatissimi. Eurilia you how to recognize and avoid them.

The historic family that controls Fiat probably has already booked a plane ticket to the States, where Thursday night to celebrate the wedding of Lingotto with Chrysler. It seems today more closely. Rumors bounced from the pages of the Washington Post and the Wall Street Journal in newspapers around the world confirm the green light to the part of major U.S. banks (JP Morgan, Goldman Sachs, Citigroup and Morgan Stanley) who alone hold about 70 % of Chrysler debt.

According to these hypotheses are not confirmed (nor denied) by the official sources of the groups involved, that some 6.9 billion dollars of debt leaving Chrysler still hovering on bankruptcy and Agnelli and breath could be cut to 2 billion dollars and be converted to the remaining share in the holdings of about 5% in the capital of the U.S. House.

The framework set by the international press, therefore, expected that new members are to Chrysler for 55% of its unionized workers, for 35% of Italians are Fiat and the remaining 10% are divided between the Treasury Department in Washington and creditors above. Everything seems to spin well, and therefore, according to the plans the CEO Sergio Marchionne (in photo), as soon as next Thursday Lingotto could officially enter Detroit from the owner. Many uncertainties still remain on the table.

For example, is not yet clear that, bypassing the end of Thursday, the U.S. government still does not favor a bankrupt subsidiary of Chrysler, then his use of the dreaded Chapter 11: about John Elkann, vice-chairman of Fiat, said: “We do not rule out any assumptions. ” Teeth out of the Fiat, for purely practical necessity, it could detect the assets of Chrysler at a later point to a possible bankruptcy.

Another important point is that the reports that unions have Caw UAW and the new Chrysler. According to current estimates, as mentioned, the unions have in the future control of the company with a market share of 55% of the capital. According to some indiscretions an option to be exercised at a later time could lead Fiat to reach 51% of Chrysler once inaugurated the merger. Surely the powerful UAW led by Ron Gettelfinger will have an even greater weight than garantitogli the appointment of a member of the Board. The sacrifices that at the request of the Italian workers have had to have, on the other hand, substantial: the new limits on overtime, cutting a few days of vacation and the suspension of some increases related to the cost of living will have an impact workers on the other side and this side of the Great Lakes region, which separates the U.S. from Canada, but not the employees of Chrysler.

In particular Veba, the pension fund for Chrysler, has about 10 billion dollars in loans from the company. Chrysler of these hours will return less than 5 billion while the rest will be converted into securities of the car.

Uncertain the fate of Chrysler Financial, the operating arm of the group which funds loans to buyers. This is a fundamental asset of the company, according to some estimates, is involved in some cases in 70% of sales of the company. Chrysler Financial has obtained a loan of 1.5 billion dollars by the government that now could sponsor its sale to GMAC, antagonist and leader in the field of finance for the car in the United States. GMAC has already obtained funding from Washington for about 6 billion dollars but its possible integration with Chrysler Financial has received several criticisms. It is feared that the role of lender of the FDIC assigned to the U.S. (the Deposit and loans usa) the transaction involves a theoretically too partisan. It is also concerned that Cerberus, the hedge funds that bought debt to Chrysler and filling it with the debt that has major stakes in GMAC, may have a role not just transparent deal and disadvantage in a widening of credit to buyers of cars of the U.S..

Remains poised for the file Fiat Opel. The German subsidiary of General Motors has received the Lingotto and the Canadian Magna and both have been declared of interest by the German Minister of Karl-Theodor zu Guttenberg. The public seems to prefer the hypothesis that Canadian, perhaps, less duplication and ensure risks to employment: an important factor in an election year policies.

Veronica-Silvio, the soap opera continues. After the attacks in the press by the lake with her husband about his’ tissue ‘from the next European election, the premier reply to consort, which has been “manipulated by the left” and is too credulous in the press: “I sorry that she had believed the press. “Veronica defends women – Speak of the President.